Kargman Charitable & Educational Foundation Inc
- Assets
- $2.1m
- Revenue
- $588.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1966
- Data as of
- 05/2023
- EIN
- 04-6133810
Organization Overview
Kargman Charitable & Educational Foundation Inc is located in Boston, MA. The organization was established in 1966. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kargman Charitable & Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Kargman Charitable & Educational Foundation Inc has awarded 107 individual grants totaling $1,424,442. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Kargman Director | 1 | $0 | |
William M Kargman President, Treasurer & Cle | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,000 |
| Interest on Savings | $7,968 |
| Dividends & Interest | $118,861 |
| Net Rental Income | $240,778 |
| Net Gain on Sale of Assets | $71,557 |
| Capital Gain Net Income | $71,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,103 |
| Total Revenue | $588,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,912 |
| Taxes | $11,811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,204 |
| Total operating and administrative expenses | $54,420 |
| Contributions, gifts, grants paid | $185,500 |
| Total expenses and disbursements | $239,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500 |
| Savings and temporary cash investments | $221,247 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,846,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,070,207 |
| Accounts payable and accrued expenses | $98,170 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,969,581 |
| Total liabilities | $2,067,751 |
Grants Awarded
Over the last fiscal year, Kargman Charitable & Educational Foundation Inc has awarded $185,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT LIFE CHRISTIAN SCHOOL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $2,000 |
BCNC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
BOSTON COLLEGE LAW SCHOOL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
HOFFBERGER INSITUTE FOR TEXT STUDY INC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,800 |
HARVARD UNIVERSITY PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |